Business Egypt's Fawry launches Tamweelak Fawry Digital Lending Platform Fawry Microfinance, an Egyptian microfinance bank, has finally decided to be tech-enabled, by launching a digital lending platform. The company launched a mobile application, which is meant to be easy to navigate due to its simple design, while it also comes with a tracking tool. The mobile application is meant
Blnk, Egyptian Startup, Raises Pre-Seed Round Of $32 million Egypt-based digital lending platform, Blnk, has succesfully raised a pre-seed round of Thirty-Two Million US dollars ($32 million), this seed is meant to help the startup expand its product services. The pre-seed round was led by Emirates International Investment Company (EIIC) a company based in dubai, Sawari Ventures, other international
Business Familiy Corp X Softec to Lauch AI Transportation 'Move' Leading Egyptian mobility and logistics firm, Family Corp, has partnered with an award-winning AI technology company, Softec, to launch an AI-enabled transportation series, Move, to improve transportation safety and provide tracking services for parents within Egypt. This partnership will introduce a fully futuristic technology-supported transportation. In long term, this is
Stllr Network X Monsha'at To launch First Egyptian-Saudi Content Creation Program An Egyptian digital marketing startup, Stllr Network, has partnered with Monsha’at a Saudi Arabia entrepreneurship development and funding centre, and Falak Investment Hub, to develop the first Egyptian Saudi content creation platform across the MENA region. The purpose of the program is to maximize various digital solutions and mediums
X-ERA Acquired Egyptian B2B Platform, SPEED X-ERA, a logistics service provider based in the UAE has recently acquired SPEED, an Egyptian B2B marketplace. This acquisition is seen as part of X-ERA’s international expansion plan. The acquisition value has remained undisclosed. This acquisition deal was disclosed via a press release. As a subsidiary of SPEED International
Business Noon Partners With Family Corp To Meet Delivery Demand Across Egypt An Egyptian e-commerce platform, Noon, has partnered with one of the leading transportation and logistics firms in the nation, Family Corp, for access to about 6o trucks in other to meet its delivery demands and attain customer fulfilment. The partnership was disclosed across Family Corp’s social media pages, revealing
First Circle Capital Invests $120,000 In Morocco's WafR A retail-tech startup in Morroco, WafR, has received US $120,000 as investment from venture capital firm, First Circle Capital. This investment has raised WafR’s post-funding valuation to more than US $10 million. WafR was co-founded by Reda Sallak and Ismail Bargach in 2018. Since its inception, the business
Business Egypt's Paymob Begins UAE Expansion To Serve SMEs One of the leading payment platforms across the MENA region, Paymob, has begun its next expansion phase in the region. The platform will be launching its services in the United Arab Emirates (UAE). The UAE has become a hotspot for startups across the region. this can be due to its
Egyptian FoodTech Brotinni Secures Seed Funding Of $600,000 Brotinni, an Egypt-based Foodtech establishment has revealed its success in securing $600,000 in its recent Seed fundraising. The investment is meant to properly tech-enable the business, the raise was led by Innlife investment. Brotinni was launched in 2020 and founded by Dalia Abou Omar. The foodtech provides a platform
Algerian Startup Yassir Secures Series B Funding Of $150 million Yassir, an Algerian startup, with expertise in the provision of e-commerce, telemedicine, reide-hailing and travel services, has revealed it success in securing a Series B funding to the tune of One hundred and Fifty million US dollars ($150 million). According to the startup, the round was led by BOND, while
Electric Mobility; The African Messiah? In 2015, the United Nations came up with seventeen (17) Sustainable development Goals (SDGs) to provide solutions to pending poverty, deaths, inequality, climate change and sicknesses in Africa. The SDGs would include : 1. No Poverty 2. Zero hunger 3. Good health and well-being 4. Quality education 5. Gender equality 6.
Founders Live To Host Startup Pitch Event In Cairo Founders Live, a digital platform established to disseminate educational content for entrepreneurs and startup founders globally, is set to host its pitch event live in Cairo, Egypt. According to Founders, entrepreneurs from around the world will be hosted at the event, while 5 startups will be picked from across Cairo
Egyptian Government To Launch Digital Platfom For National Transformation Following previous developments that have displayed a determined effort to support digital transformation in Egypt, the North African country’s Prime Minister, Mostafa Madbouly has again attested to an initiative that is meant to scale digital industrialization in the country. Prime Minister Mostafa was recently present at the signing event
BNPL Platform valU Invests in Egyptian Startup, Hoods Egyptian e-commerce startup, Hoods has received an undisclosed amount of investment from one of MENA’s leading Buy-Now-Pay-Later (BNPL) platform valU. Co-founded by Waleed Ghalwas and Mostafa Hanafi, Hoods was launched in late 2020 to provide shopper/consumers with a platform that lets them search for and compare brands via
Huawei Reaffirm Intentions to Support Digital Transformation in Morocco Huawei, a Chinese technology firm has restated its comment to promote technology evolution in North Africa, Morocco. The company intents to provide a varying range of technological tools and services to both public and private sectors in the country. there are also plans to train the nation’s indigenous talents,
Business EMPG Seures $200 Million In Investment Round The operator of major online classifieds platforms, EMPG, has raised Two Hundred Million US dollars ($200 Million) in an investment round. This tech company functions across emerging markets with targets in MENA (Middle East and North Africa), Southern and Southeast Asia. EMPG owns major platforms across the MENA and especially
EdTech, Classera, Raises $40 Million Series A Round E-learning platform, Classera, has raised a Series A round of Forty Million US dollars, ($40 million). this is considered one of the major raises in the EdTech niche. PIF’s Sanabil Investments led the round, while Global Ventures, Seedra Ventures, Endeavor Catalyst, Sukna Venture, and 500 Global participated in the
Car Subscription Startup, Invygo, Has Raised $10 Million In Series A Round Car subscription and mobility startup, Invygo, has recently raised a Series A funding round of Ten Million US dollars ($10 million). This new raise will assist the startup with its expansion plans, as it intends to expand its market offering. The round was led by the Middle East Venture Partners
Tunga Uganda Sponsors 40 Youth Football Coaches to 5-Day Training With Experts As part of its social development activities and constant effort to provide avenues to aid African talents, Tunga Uganda, a staff augmentation company for software developers, has revealed that it recently supported about 4o Uganda coaches, through sponsored training. The training which was taught by an expert dutch coach, Kevin
Business M-PESA Soon To launch "M-PESA Go", Feature For Minors Recently, one of Kenya’s leading mobile banking services, M-PESA, announced that there are plans in motion to launch its platform for juniors and minors. Although this development has not been launched yet, the company reveals that the delay occurs because of the Central Bank of Kenya (CBK), as the
#StartupSouth To Hold 7th Edition In Port Harcourt The annual startup event, #StartupSouth, will take place on the 10th and 11th of November, 2022, at the Novotel Hotels in Port Harcourt, Nigeria. This will be the event’s seventh edition. This year’s program focuses on ways to unite the regions’ status within the international space. “Remotely Global:
Touch and Pay Announced as Winner of Ecobank Fintech Challenge, Gets $50,000 Touch and Pay, a Nigerian fintech startup, has been announced as the winner of the Ecobank Fintech Challenge, 2022 edition. This announcement was made by the Ecobank Group. The event was personally presided over by the Minister of Digital Economy and Transformation, Republic of Togo, H.E. Cina Lawson, hosted
IdentityPass To Donate N4 Million For Flood Victims Relief Fund Nigerian identity verification startup, IdentityPass, is set to donate a relief fund of N4 million to victims of the flood in Nigeria. The unfortunate event of the flood as a disaster in some parts of Nigeria has left some citizens in unpalatable conditions. In recent weeks, flooding hit some states
Business AlphaCX Launches B2B SaaS Platform To Support Customers AlphaCX Platforms, a Nigerian startup, has launched its Software-as-a-Service (Saas) Business-to-Business (B2B) Platform to provide a support system for customers in underserved markets. In 2021, the startup launched in stealth, but it is now available publicly. AlphaCX has created an omnichannel messaging assistance point that supports important discussions between businesses
Jumia Nigeria Wins HR Best Practice in E-commerce Award Africa’s top e-commerce platform, Jumia Nigeria, has been recognized for its distinctive human resources practices as it emerges as the winner of the Human Resources Best Practice in the e-commerce category. The honour was conferred on the company during the HR Oscars Awards held at the EUI Centre in
